Not only can BPM be applied to help with daily processes at the procedural level, but can also be used to manage all aspects of internal monitoring, especially relevant when dealing with compliance issues. (Photo: Shutterstock)

"Business Process Management" is the term that has been adopted to identify the discipline of operations management. It uses specific methods to discover, model, analyze, improve and automate business processes and procedures.

Any combination of methods used to more efficiently manage a company's business procedures falls under the BPM category. Most recently, the influence of BPM has been seen in the development of AI solutions specific to the banking and financial industry.

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